Instrument: GOLD
Intraday: BULLISH
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00
Alternative scenario:
Sell position is envisaged if price trades below 1939.00 with take profit at key level at 1933.00
Fundamentals:
Main Refinancing Rate 12:45 pm EUR
Monetary Policy Statement 12:45 pm EUR
ECB Press Conference 1:30pm EUR
Unemployment Claims
Comment: The strength of Gold came generally from a weakness in the dollar; this was after the ECB gave optimistic comments on the EURO. It is envisaged that this commodity trades bullish today.
Analysis: SCRUM Team